SeaBird Exploration has signed an addendum to the charter party relating to M/V Hawk Explorer to further extend the lease on current payment terms from 31 May 2016 to 28 February 2017.
At the end of the lease, the company will have the option to purchase the vessel and related equipment for US$1.75 million. Alternatively, the company may, at its discretion, extend the lease for a firm period up to and including 30 November 2017, at which point it will have the option to purchase the vessel and related equipment for $67,800. During the initial lease period, SeaBird may, at its sole discretion, terminate the charter on 31 August 2016 or 30 November 2016.
M/V Hawk Explorer, built in 1984, joined SeaBird in 2006 after being converted to a 2D-Source vessel in Gdynia, Poland. The vessel is designed for worldwide 2D and Source operation.